All categories

3 years ago

Marigold corp. completed job no. b14 during 2019. The job cost sheet listed the following:

Business

1 answer:

Alik [6]3 years ago

6 0

Answer:

$70,000

Explanation:

Total Cost:

= Direct materials + Direct labor + Manufacturing overhead applied

= $55,000 + $30,000 + $27,000

= $112,000

Units produced = 4,000 units

Units sold = 1,500 units

Unit Cost = Total Cost ÷ Units produced

= $112,000 ÷ 4,000

= $28 per unit

Stock in Hand:

= Units produced - Units sold

= 4,000 - 1,500

= 2,500

cost of the finished goods on hand:

= Stock in Hand × Unit Cost

= 2,500 × $28 per unit

= $70,000

You might be interested in

What is the purpose of reporting comprehensive income?A. To provide a consolidation of the income of the firm's segments.B. To r

jek_recluse [69]

Answer:

Option D

Explanation:

Comprehensive earnings reporting is intended to provide a summary of all adjustments in a corporation's equity arising from acknowledged exchanges as well as other time commercial activities other than dealings with holders in their capacities as shareholders.

If included with the fiscal reports with associated reports and other details, the details generated by disclosing detailed income will assist stakeholders, lenders as well as others in determining the operations of a business, and the duration and extent of potential cash streams of a business.

6 0

4 years ago

Zen Electronics has taken a penetration pricing approach to launch its new line of mobiles. Therefore, Zen is most likely to ___

Serjik [45]

Answer:

initially charge a relatively low price per product

Explanation:

A penetration pricing approach is a strategy in which an organization establishes a low price for a new product at the beginning to attract customers and then, the price is raised. According to this, the answer is that Zen is most likely to initially charge a relatively low price per product.

6 0

3 years ago

Read 2 more answers

Jan Quint earns $11.00 an hour at her job and is entitled to time-and-a-half for overtime, and double time on holidays. Last wee

Svetllana [295]

Answer:

Hence, $852.50 she earn last week.

Thus, the correct option is d. $852.50

Explanation:

The computation of Jan Quint earn last week is shown below:

1. Regular wages = Normal hours of worked × per hour rate

= 40 × $11

=$440

2. Overtime wages :

In overtime, the per hour rate is half along with the normal per hour rate.

So, overtime per hour rate = Per hour rate + overtime per hour rate

= $11 + $11 ÷ 2

= $11 + $5.5

= $16.5

So, overtime wages = Overtime hours × overtime per hour rate

= 9 × $16.5

= $148.50

3. Holiday wages:

In holiday wages, the per hour rate is twice of normal per hour rate

In mathematically,

Holiday per hour rate = 2 × normal per hour rate

= 2 × $11

= $22

So, holiday wages = Holiday hours × holiday per hour rate

= 12 × $22

= $264

So, total wages = Normal wages + overtime wages + holiday wages

= $440 + $148.50 + 264

= $852.50

Hence, $852.50 she earn last week.

Thus, the correct option is d. $852.50

6 0

3 years ago

Mega skateboard supplier had net sales of $2.8 million, its cost of goods sold was $1.6 million, and its net income was $0.9 mil

Anton [14]

The gross margin ratio is also sometimes referred to as the gross profit percentage or the gross profit margin. To solve for its value, we divide the net profit of a certain company or group by its net sales. From the given above,
gross profit margin = $0.9 million / $2.8 million = 0.32

3 0

3 years ago

All of the following are reasons why these financial foundations were important in making possible the rapid growth of the U.S.

Likurg_2 [28]

Answer:

A. A central bank provided direct control over all interest rates, facilitating the control and direction of the overall economy.

Explanation:

Rapid economic growth will require businesses and the economy to have unfettered access to funds and structures that will facilitate growth. Formation of corporations that will help with funding, the central bank giving out loans to businesses and forming private banks, and encouraging flow of funds from savers to enterpreneurs are ways in which economic growth is boosted.

However if a central bank provides direct control over all interest rates, facilitating the control and direction of the overall economy, it will limit economic growth.

7 0

3 years ago